Headwinds Could Still Topple Canadian Dollar

Headwinds could still topple Canadian dollar

Karl Schamotta, chief market strategist of Corpay, discusses the trajectories of the loonie and the U.S. greenback. Watch the video,

Why Tiff Macklem isn’t sweating the mortgage renewal wave

Bank of Canada governor Tiff Macklem said he is less concerned than he was a year ago about the deluge of mortgage holders facing a painful renewal. Following a speech to business leaders in St. John’s, NL, he told reporters on Wednesday that lowering the Bank’s policy rate from 5 per cent to 2.75 per cent over the last year eases the sting for the 60 per cent of mortgage holders who scored ultra-low rates in the early days of the pandemic and a…

BoC's Macklem: Ready To Cut Again If Tariff Drag Grows And Inflation Stays Contained - Data Intelligence

BoC Governor Tiff Macklem reinforced the Bank’s dovish lean today, stating that further rate cuts could be warranted if the economic fallout from US tariffs deepens and inflation pressures remain contained. “Overall, my colleagues on Governing Council and I agreed there could be a need for a further reduction in the policy interest rate if the effects of U.S. tariffs and uncertainty continued to spread through the economy and cost pressures on i…

BoC's Macklem warns tariffs are stalling recovery, may fuel inflation - Mortgage Rates & Mortgage Broker News in Canada

BoC Governor says Canadian jobs and exports are already being hit by U.S. tariffs, with price pressures potentially next